EXHIBIT 11.1 FTP SOFTWARE, INC. WEIGHTED SHARES USED IN COMPUTATION OF EARNINGS PER SHARE FULLY DILUTED PRIMARY FOR THE YEAR ENDED DECEMBER 31, 1993: Common stock outstanding, beginning of the year 17,152,240 17,152,240 Issuance of cheap stock 3,368,432 1,850,524 Weighted average common stock issued during 1993 1,256,660 1,256,660 Weighted average common stock purchased during 1993 (907,418) (907,418) Weighted average common stock equivalents 6,785,160 6,785,160 Weighted average treasury shares acquired using the treasury stock method (294,032) (1,008,002) ---------- ---------- Weighted average shares of common stock outstanding, end of the year 27,361,042 25,129,164 ========== ========== FOR THE YEAR ENDED DECEMBER 31, 1994: Common stock outstanding, beginning of the year 21,693,780 21,693,780 Weighted average common stock issued during 1994 768,112 768,112 Weighted average common stock equivalents 7,911,313 7,940,918 Weighted average treasury shares acquired using the treasury stock method (1,303,289) (1,849,923) ---------- ---------- Weighted average shares of common stock outstanding, end of the year 29,069,916 28,552,887 ========== ========== FOR THE YEAR ENDED DECEMBER 31, 1995: Common stock outstanding, beginning of the year 23,344,122 23,344,122 Weighted average common stock issued during 1995 1,811,161 1,811,161 Weighted average common stock equivalents 4,304,545 4,304,545 Weighted average treasury shares acquired using the treasury stock method (1,197,232) (1,244,628) ---------- ---------- Weighted average shares of common stock outstanding, end of the year 28,262,596 28,215,200 ========== ========== All shares information contained in the per share calculation have been adjusted to reflect an 8-for-1 split of the Common Stock. - ------------------- (1) In accordance with SEC Staff Accounting Bulletin No. 83, issuance of Common Stock and Common Stock equivalents (stock options) one year prior to the initial filing date of a registration statement for an initial public offering at share prices below the initial public offering price of $19.00 per share ("Cheap Stock"), are considered to have been made in anticipation of the public offering and have been included as if the shares were outstanding for all periods presented prior to the initial public offering using the treasury stock method at the initial public offering price.